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PROGRESS ON ONLINE GAMBLING REGULATORY STANDARDISATION
The European Gaming and Betting Association, a trade body representing most of Europe's major online gambling companies, has released a progress report on new self-regulatory measures aimed at providing a high level of consumer protection and ensuring that remote gambling operators behave responsibly.
The measures are currently awaiting publication by the European Committee for Standardisation (CEN).
EGBA quotes John Ketchell, Innovation Director at CEN, who reports that CEN's "Responsible Remote Gambling Measures" covers a list of attributes considered as best practice for companies offering remote gaming services.
Amongst the topics covered are the protection of vulnerable consumers, including prevention of underage gambling, protection of customer privacy and safeguarding of information, commitment to ethical and responsible marketing, to customer satisfaction and support, safe and secure IT environments, and zero tolerance of fraudulent and criminal behaviour.
CEN is one of three European standardisation organisations officially recognised by the European Union, and currently publishes some 1 500 documents annually, all drawn up by experts from industry, governments, consumers, academia, and others in open consensus.
Most CEN publications are formal European Standards, and can take up to three years to develop. CEN Workshops, on the other hand, offer a faster and less formal process, providing an open platform, not simply limited to representatives of national delegations or even to European interests, thus encouraging global participation.
Drawn up on an open basis and with the participation of all relevant stakeholders, standards help ensure a level playing field for industry to market competitive products, to foster innovation and to support consumer requirements for transparency.
These voluntary activities provide an important tool for industry self-regulation. They avoid undue complexity in legal requirements and, since they are drawn up by the expert stakeholders themselves, they are reliable and cost-effective. They can be updated relatively easily compared with the length of time often required for regulatory processes.
The "Responsible Remote Gambling Measures" initiative commenced in May 2010 with 25 registered participating entities, and the draft was based on inputs (over 600 specific contributions were made), with account taken of existing documents, such as voluntary codes of conduct.
CEN then submitted the document to public comment between July and September 2010.
The CEN Workshop participants have now approved the final document, and CEN expects to publish the agreement in February 2011.
"This may only be a first step, in the sense that the CEN community will be ready to consider additional activities when the stakeholders are ready and willing, for example to work towards the creation of a full European Standard in due time," says Ketchell.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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